Zinc Futures Slide 0.64% On Sluggish Demand

Zinc futures were trading lower during the morning trade in the domestic market on Tuesday as investors and speculators cut down their bets amid a drop in demand from consuming industries at the domestic spot markets.

Further, a decrease in demand for zinc at the domestic spot market was led by trimming of positions by traders in the spot markets, influenced zinc prices at futures trade. At the MCX, zinc futures for September 2016 contract is trading at Rs 155.85 per kg, down by 0.64 per cent, after opening at Rs 156, against a previous close of Rs 156.85. It touched the intra-day low of Rs 155.50 .

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Suhani Verma

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